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Process inventory: Physical units 5,000 units (completed in June) % complete for 70% materials %...

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Accounting

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Process inventory: Physical units 5,000 units (completed in June) % complete for 70% materials % complete for conversion (labor and 25% overhead) Materials Cost from $7,350 May Conversion cost from $3,125 May Products started and completed: Physical Units 40,000 units Ending Work in Process Inventory: Physical Units 4,000 units % complete for 40% materials % complete for 10% conversion Manufacturing costs incurred for June: Materials $96,975 Conversion $79,470 1. Compute equivalent units for direct materials and conversion costs: EUP for DM 2.24 units, EUP for conversion 1.82 units. 2. Compute cost per equivalent units for direct materials and conversion costs: Cost per EUP for DM $ 46,600 ; Cost per EUP for conversion costs $ 45,400 ***round to the nearest cent, e.g. 5.63*** 3. Compute the total cost of units completed and transferred out to finished goods during June. Total costs assigned to units completed and transferred out $ ***Be sure to use your answers from part 2.*** 4. Compute total cost of the ending Work in Process Inventory. Direct material cost assigned to ending WIP $ conversion costs assigned to ending . WIP $ , and therefore total costs assigned to ending WIP $ ***Be sure to use per unit cost from part 2.***

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